Kepler Capital Markets set a €90.00 ($103.45) target price on Covestro AG (ETR:1COV) in a report published on Tuesday, June 27th. The brokerage currently has a buy rating on the stock.
Several other equities analysts have also commented on the stock. HSBC Holdings plc set a €55.00 ($63.22) price objective on shares of Covestro AG and gave the company a sell rating in a research report on Wednesday, May 24th. Jefferies Group LLC set a €86.00 ($98.85) target price on shares of Covestro AG and gave the stock a buy rating in a report on Friday, May 26th. Goldman Sachs Group, Inc. (The) set a €58.00 ($66.67) target price on shares of Covestro AG and gave the stock a sell rating in a report on Monday, May 29th. Deutsche Bank AG set a €83.00 ($95.40) target price on shares of Covestro AG and gave the stock a buy rating in a report on Saturday, May 20th. Finally, Baader Bank set a €53.00 ($60.92) target price on shares of Covestro AG and gave the stock a sell rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Covestro AG has a consensus rating of Hold and a consensus target price of €72.46 ($83.29).
Covestro AG (ETR:1COV) opened at 64.761 on Tuesday. The firm has a market capitalization of €13.11 billion and a price-to-earnings ratio of 12.137. Covestro AG has a 52-week low of €40.00 and a 52-week high of €76.40. The company’s 50-day moving average price is €64.93 and its 200 day moving average price is €68.25.
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About Covestro AG
Covestro AG is a Germany-based company engaged in the manufacture of plastic materials. The Company specializes in developing, producing and marketing of polyurethanes, polycarbonates and raw materials for automotive, construction, packing, wood and furniture, sports and leisure, medical, textile, cosmetics, as well as electrical and electronics sector, among others.
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